MILAN (Reuters) – Italian digital bank illimity said on Friday a buyout offer launched this week by rival specialty lender Banca Ifis had come as a surprise, and would not alter its existing plans. “It should be noted that the offer has not been solicited or previously agreed with illimity,” it said in a statement. …
Italy’s illimity says Ifis bid was not solicited, to press on with plans Read More »
By Milana Vinn (Reuters) – Buyout firm Blackstone is weighing strategic options, including a sale, for Liftoff that could value the mobile app marketing provider at more than $4 billion, including debt, two people familiar with the matter said on Friday. The Redwood City, California-based company is working with investment bankers at Goldman Sachs and …
Exclusive-Blackstone mulls $4 billion-plus sale of Liftoff, sources say Read More »
By Jonathan Stempel (Reuters) – The U.S. government sued Airbnb on Friday, alleging housing discrimination after a host refused to rent an apartment to a mother with three school-age children. In a complaint filed in San Francisco federal court, the Department of Justice said the home rental company violated the Fair Housing Act through Jarrod …
US sues Airbnb after host rejected rental to mother with children Read More »
By Andres Gonzalez and Elisa Anzolin LONDON/MILAN (Reuters) -Italy’s Prada is among the potential suitors looking at fashion group Versace, which has been put up for sale by its parent Capri Holdings, and has been working with Citi to evaluate any bid, a person with knowledge of the matter said on Friday. U.S.-listed Capri is …
Prada has been working with Citi on possible bid for Versace, source says Read More »
LONDON (Reuters) -The chair of a British parliamentary committee wrote on Thursday to the London Stock Exchange to raise concerns about evidence given by a Shein representative at a hearing this week, and to ask how the exchange checks statements by firms looking to list. The lack of response by Shein’s general counsel for Europe, …
Senior UK lawmaker flags concerns about Shein to LSE and regulator Read More »
By Alberto Chiumento and Alessandro Parodi (Reuters) – Italy’s five listed asset managers reported combined net inflows of 40.2 billion euros ($41 billion) in 2024, up by 64% from inflows of 24.5 billion euros in 2023. In December, Italy’s five Milan-listed asset managers posted combined net inflows of 3.66 billion euros ($3.03 billion) in December, …
Inflows at Italian asset managers up 64% y/y in 2024 to 40 billion euros Read More »
By James Davey and Paul Sandle LONDON (Reuters) -Britain’s big retailers, including Tesco, Sainsbury’s, M&S and Next, say they are stepping up their drive for efficiency through automation and other measures, to limit the impact of rising costs on the prices they charge their customers. As the UK economy struggles to grow, the new Labour …
UK retailers crank up search for savings ahead of April tax hikes Read More »
By Carolyn Cohn and Iain Withers LONDON (Reuters) – Some British pension funds are being told by asset managers to come up with more cash to support their hedging positions after a recent jump in borrowing costs, but pensions advisers told Reuters this week the market was behaving in an orderly way. XPS and Gallagher …
UK gilt selloff triggers pension cash calls in first big test since 2022 crisis Read More »
By Nora Eckert and Kalea Hall DETROIT (Reuters) -Automaker Stellantis achieved its goal of cutting U.S. inventories by more than 100,000 vehicles late last year, its North American chief said on Friday at the Detroit Auto Show. Antonio Filosa, who has led the carmaker’s North American operations since last October, detailed efforts to turn around …
Stellantis reaches goal of cutting US inventory by 100,000 units Read More »
By Shashwat Chauhan, Nikhil Sharma and Pranav Kashyap (Reuters) -European shares on Friday suffered their steepest decline in three weeks after a robust U.S. jobs report stoked fresh inflation fears and solidified expectations of a cautious approach to rate cuts by the Federal Reserve. The pan-European STOXX 600 dropped 0.8%, its most significant fall since …
European shares slide as US jobs boom stokes inflation fears Read More »
